Market outlook for 06/08/2012

Nifty closed down 12.05 points (0.23%) at 5215.70 while Nifty Future closed at 5241.05, premium of 25.35 points.
Bank Nifty closed down 64.00 points (0.62%) at 10315.60 while Future closed at 10384.40, premium of 68.80 points.

• FII bought in Cash (Net buy 208.69 Crore)
• FII sold in index future, stock future, but bought in index option (Net sell 370.14 Crore)
• DII sold in Cash (Net sell 434.65 Crore)
• Most Active Nifty Call Option: 5200 and 5300.
• Most Active Nifty Put Options: 5200 and 5100.
• Advance Decline for the day was 599:869.

NIFTY TECHNICAL

Current Spot: 5215.70
Pivot: 5200
5DEMA: 5208
10DEMA: 5195
20DEMA: 5190
50DEMA: 5161
RSI (14 days): 53.10
Parabolic SAR: 5068
Supports: 5180 - 5145 - 5125
Resistance: 5236 - 5256 - 5291
Nifty Future VIX Range: 5189 - 5293

Nifty Future VWAP: 5209.81
MP Values Nifty Future: VAH - 5225, POC - 5187, VAL - 5149

TARGET NIFTY
Buy Nifty Future above 5245 - 5285 - 5335 - 5405 SL - 5193
Sell Nifty Future below 5188 - 5150 - 5065 - 5001 SL - 5219

BANKNIFTY TECHNICAL

Current Spot: 10315.60
Pivot: 10287
5DEMA: 10347
10DEMA: 10356
20DEMA: 10359
50DEMA: 10223
RSI (14 days): 48.90
Parabolic SAR: 10080
Supports: 10238 - 10160 - 10111
Resistance: 10365 - 10414 - 10492
Bank Nifty Future VIX Range: 10255 - 10513

Bank Nifty Future VWAP: 10331.34
MP Values Bank Nifty Future: VAH - 10381, POC - 10338, VAL - 10295

TARGET BANKNIFTY
Buy BankNifty Future above 10392 - 10440 - 10500 - 10590 SL - 10344
Sell BankNifty Future below 10334 - 10295 - 10205 - 10145 SL - 10379

INTRADAY TRADE
Reliance Industries: Buy above 744 for targets of 747, 752, 760 SL 739
Reliance Industries: Sell below 737 for targets of 734, 729, 721 SL 742
Bajajcorp: Buy above 159 for targets of 162, 167 SL 155
Dishman: Buy above 80 for targets of 81, 84 SL 78.5

SCORE SHEET
Ntpc: Buy above 164 for targets of 165.7, 168 SL 161.50: Target 168.40 done
Cumminsind: Buy above 468 for targets of 473, 481 SL 463: Target 476.55 done

POSITIONAL TRADE
Mcdowell-N: Buy above 865 for target of 915 SL 855 (2-3 Days)
Onmobile: Buy above 42 for target of 45 SL 40 (1 Week)

Thanks and Regards

S&P Wealth Creators